Nintendo has always been a force to be reckoned with in the gaming industry. The Japanese gaming giant has been around for more than 100 years and has created some of the most beloved and iconic video game characters of all time. With the release of their latest console, the Nintendo Switch, the company has continued to make waves in the gaming community. And according to their latest financial charts, the Switch is selling better than ever before.
As a B2B trade site, GamesIndustry.biz doesn't really prioritize traffic. It's nice to see the numbers go up, sure, but the site is more focused on providing valuable information for industry professionals. However, the latest numbers from Nintendo are too impressive to ignore. There are more folks than ever actively playing on Nintendo Switch hardware according to the company's latest financial charts. This is a testament to the quality of Nintendo's products and the loyalty of their fanbase.
A Saudi sovereign wealth fund has become the largest outside shareholder in the Japanese gaming giant Nintendo. The Saudi Public Investment Fund (PIF) has acquired a 5% stake in the company, worth around $2.4 billion. This move is part of the fund's strategy to invest in companies that are poised for growth in the technology and entertainment sectors.
The Nintendo Switch is on the cusp of becoming just the second console to see one billion software sales. Earlier today on February 7, Nintendo updated its financial results for the latest quarter, revealing that it sold 11.57 million Switch consoles and 75.85 million software units in Q3 2020. This brings the console's lifetime sales to 79.87 million units and software sales to 532.34 million units.
Nintendo has updated their sales figures, and it's looking good as the Nintendo Switch 111 million unit mark has just been cleared. This is impressive considering the console has only been on the market for four years. It's also worth noting that these sales figures only account for hardware sales, not digital sales.
Nintendo's (NTDOY) handheld-console hybrid continues to sell millions of units each quarter, increasing sales by another 8.22 million units. The company's latest financial report shows that the Nintendo Switch has now sold over 84.59 million units worldwide, making it one of the best-selling consoles of all time.
Nintendo has a lot to celebrate with the Kyoto-based gaming company announcing today that the Nintendo Switch, over all versions, has sold over 100 million units worldwide. This announcement came as part of Nintendo's Q2 earnings report, which showed a 12.4% increase in revenue year-over-year. The company's net profit also increased by 18.4% over the same period.
Nintendo Switch hardware sales now total 114.33 million, while software sits at 917.59 million. These figures come to us from the Nintendo's latest financial results, which were released on August 5. The numbers show that the console is still selling well, despite being on the market for several years.
A single line in an appendix from the UK's Competition and Markets Authority (CMA) has opened speculation regarding the future of Nintendo's eShop. The line reads: "The CMA is also analysing the potential for gaming platforms to restrict the ability for users to access and purchase games from competing platforms, such as restricting the availability of games on the eShop for Nintendo consoles." This has led some to believe that Nintendo's eShop may be facing some changes in the near future.
